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The Improbable Hero of Crypto World: A Look at Dogecoin’s (DOGE) Future in the Market

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From the moment when cryptocurrencies first appeared led by Bitcoin (BTC), there have been many altcoins which wanted a part of the glory. An innumerable amount of them failed and was pushed aside while the lucky few managed to carve their way through the crypto market. However, among those strong and powerful cryptos, there is also one that came to be as a joke but still manages to survive in the harsh crypto-environment.

What is Dogecoin (DOGE)

Dogecoin (DOGE) is one of the many, many cryptocurrencies that came to be since the crypto fever began. It was created back in 2013 by Jackson Palmer, and it has seen its fair share of ups and downs.

The interesting thing about this crypto is that it first came out as a joke, a response to a Doge meme that was popular back then. Even so, it managed to do something that some professionally designed altcoins did not – it survived.

There are multiple reasons why this particular crypto managed to live as long as it has. For example, it is very practical. It can be accessed through micro-wallets and faucets, and transactions are very cheap, especially when compared to other cryptos like Bitcoin. Besides being cheap, transactions are also very fast.

Another thing that makes this crypto popular is the fun atmosphere that surrounds it. It is a good way to enter the crypto world, and very easy and cheap to mine. This is an obvious advantage over other cryptos which require a lot of resources and even entire mining pools for a single coin.

There are many other reasons why this coin is still alive, including popularity in the east, particularly in China, its close proximity to Litecoin and Bitcoin, as well as great stability and distribution. However, one of its biggest advantages includes a pretty big, still alive and interested community.

Dogecoin still has supporters

As mentioned previously, the coin was present on the crypto market since 2013. This has given it five long years to establish its community, and the coin’s fun nature has done just that. There have been speculations whether its popularity owes its success to the fact that the coin is stable and practical, or if its connection to the online culture is to be blamed.

Whatever it is, Doge has done quite well for itself in terms of its supporters and enthusiasts. It still has a large presence on social networks to this day, and that includes Reddit, Twitter, Bitcoin Talk Forum, and GitHub.

Dogecoin’s coin supply is uncapped, and the coin doesn’t have a real limit. Despite the fact that it is one of Litecoin’s forks, it has a few more parameters that are making it different from LTC. One example is also its block time, which is 2 minute for Doge, and 2.5 minutes for Litecoin (LTC).

Thanks to its inflationary nature, however, this coin might not be the best choice for investors, since there is no guarantee for a return on the investment. Another con when it comes to Dogecoin is that it has become somewhat directionless since its creator left the crypto world. No real work has been done on this coin in a while, and even though some see it as a good thing and a perfect opportunity to buy coins before the updates catch up with it, there is still no guarantee that it will ever be updated.

This crypto has a lot of potentials, that much is not being questioned. However, it would need a strong leadership and some serious work in order for it to become great again. If it could manage to secure that, it might recover from the October’s shakedown which damaged it a lot. Not only that, but it might also rise to become one of the most popular currencies on the market.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Blockchain-Focused ETF Arrives on London Stock Exchange

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The crypto community is still waiting for the US SEC to approve Bitcoin ETFs, with speculation which application might get approval being one of the hottest topics in 2018. However, come 2019, the US government shutdown dragged on, and the Bitcoin ETF request which had the most potential to see a grant got withdrawn by the very companies that submitted the application.

While the question of BTC ETF remains hanging in the air, blockchain-focused ETFs seem to be a different matter entirely. In a recent announcement by an independent investment managed firm called Invesco, the company has stated that it was about to launch the largest blockchain-focused ETF in the world. They managed to go through with this plan, and the ETFs have reached the London Stock Exchange today, March 11th.

The exchange-traded fund includes a portfolio containing as many as 48 different firms which are bringing exposure to the emerging technology. Among them, there is Taiwan Semiconductor Manufacturing, which is a well-known creator of chips used for crypto mining, as well as the CME Group, which is the first regulated exchange in the US which launched Bitcoin futures. There are many other well-known companies as well, such as Intel, Microsoft, and others.

Chris Mellor, the Invesco’s head of ETF equity product management in Europe, said that blockchain has a huge potential to increase earnings, even though…

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Could Jeff Bezos Turn to Bitcoin to Hide Fortune from Wife?

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Amazon’s Jeff Bezos has made numerous headlines recently due to his overly-publicized divorce, which shows all signs of being one of the most expensive ones — if not THE most expensive one — in modern history. According to estimates, it might cost him as much as $70 billion, which will make his soon-to-be-ex-wife the richest woman in human history.

However, as the process continues to unfold, many have started wondering if things may have ended up differently for Bezos if he turned to Bitcoin for help.

Bitcoin as a divorce tool?

In the last several years — since Bitcoin and other cryptos hit fame — many have started turning to BTC during their divorce proceedings. In fact, it can even be said that using the largest cryptocurrency in this way has become a new trend. The trend has been gaining so much strength that numerous law companies started including advice on what to do in regards to Bitcoin as part of their websites.

However, while the trend has been picking up in recent years, it is nowhere near as easy as it might seem. For example, if there is even a suspicion of a spouse having undisclosed holdings appears during the divorce process, it might be enough to impact the final decision of the judge. In other words, even if there is a complete lack of evidence, but…

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Three Biggest Things To Know Come Cryptocurrency Tax Season

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In recent years, digital cash systems known as cryptocurrencies such as Bitcoin and Litecoin have exploded into the public eye. A blend of cash and stocks, their use and value has grown exponentially. In 2017, the IRS decided to focus great effort on taxing them. In theory, this should be as simple as calculating taxes on any other type of property, bond, or other assets. Cryptocurrency, however, presents a unique challenge. The full extent of one person’s crypto activity can stretch across dozens of platforms and take a variety of different forms. This makes it difficult to gather all of this information cohesively, much less begin the seemingly- complicated process of reporting it.

These three tips should help anyone looking to legally report their crypto activity to figure out where to start.

Documentation is key!

There are dozens of different “exchanges” individuals can use to change their cash into crypto. When the flat currency is changed into cryptocurrency at the exchange, you establish your cost basis. This makes this data crucial when you begin the process of reporting.  Those who have used a variety of different exchanges should keep detailed records of everywhere that they made trades. Once tax season arrives, most exchanges will allow users to view their entire trading history with that exchange. This information will be necessary later to complete taxes.

Calculate your total gains

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